Asia Pacific

Indonesian energy company Pertamina snagged $1.5bn from a dual-tranche bond sale, shaking off concerns about the struggling bond market in the country and proving that quality credits can still get deals done.

Ford Automotive Finance sold a Rmb4.776bn ($694m) four-tranche auto loan ABS on Tuesday, its biggest ABS so far, pricing the three senior tranches at tight levels.

ANZ has named Vishnu Shahaney as the new head of Southeast Asia, India and Middle East, and the country head for Singapore.

Mobile phone technology company Affle (India) has set the terms for its IPO, set to launch next week, according to a source close to the deal.

Cofco International, a commodities trading unit of China’s agri-products company Cofco, has increased its sustainability-linked loan to $2.3bn after receiving commitments from 21 lenders.

Chinese real estate company Country Garden has closed its $1.1bn-equivalent syndicated loan.

Chinese sportswear manufacturer Xtep International Holdings has returned to the loan market for a HK$1.6bn ($204m) refinancing deal that is open only to existing lenders.

Agricultural Bank of China’s Hong Kong branch raised $1bn from a single tranche floating rate note on Tuesday, pricing the deal tighter than its large Chinese state-owned banking peers.

ANZ's Paul Brickell has transferred to the bank’s loan syndications team as a director, according to a source close to the situation.

Chinese delivery services company SF Express is seeking a HK$5bn ($640m) syndicated loan to refinance a bridge facility used to support its acquisition of Deutsche Post DHL’s supply chain business in the Mainland.

The sellers of Oltin, a closed-ended fund seeking to invest in Uzbekistan, have decided to postpone a public listing and proceed with private fundraising after investors expressed a preference for an unlisted fund structure.

The first 25 companies that started trading on the new Shanghai tech board on Monday skyrocketed, as Chinese investors welcomed the Nasdaq-style equity market with frenzied trading. As the excitement cooled on Tuesday, the bourse’s performance shows that regulators must not just focus on market reform, but also on market participants.